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    15335 Morrison St, Unit | Sherman Oaks Sherman Oaks, CA 91403

    • Office buildings
    • 62,013 SF
    • 1.93 lot acres
    For Lease
    View listing
    $2 SF/Yr
    Value Estimations
    $880,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6329577
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Los Angeles Moisture Extraction & Drying / Fire Damage Restoration Service / Water Damage Restoration Service
    • Svetlana Brontveyn / Tax Attorney / Legal Services
    • Aim for Breakthrough / Psychologist / Marriage Or Relationship Counselor
    • Jo NeuroAssessment Center / Psychologist / Psychoneurological Specialized Clinic
    • MyLATherapist - Marraige and Family Therapist, Counselor, Psychotherapist (MA, MFT) / Psychotherapist

    Property Details for 15335 Morrison St

    Year built
    1977
    Lot size
    1.93 lot acres
    Property size
    62,013 SF
    Zone code
    LACR
    Property type
    Office buildings
    APN
    2263-039-003
    APU
    2263039003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,274,000
      Market price range: $1.23M - $6.24M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sherman Oaks
    County
    Los Angeles
    State
    California
    Longitude
    -118.468
    Latitude
    34.1611
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $85,933
    $2,709,296
    $3,749,861
    $6,459,157
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $320,000
      2,632 SF

      15244 Magnolia Blvd

      OFFICE BUILDING • 2,632 SF
      15244 Magnolia Blvd, Sherman Oaks, CA 91403-1103
      View Details
    • Value Estimation
      $995,000
      106,924 SF

      15315 Magnolia Blvd Ste, Unit 423

      OFFICE BUILDING • 106,924 SF
      15315 Magnolia Blvd Ste, Sherman Oaks, CA 91403-1177
      View Details
    • Value Estimation
      $330,000
      5,043 SF

      15442 Ventura Blvd

      OFFICE BUILDING • 5,043 SF
      15442 Ventura Blvd, Sherman Oaks, CA 91403-3004
      View Details
    • Value Estimation
      $445,000
      87,002 SF

      5000 Van Nuys Blvd

      OFFICE BUILDING (MULTI-STORY) • 87,002 SF
      5000 Van Nuys Blvd, Sherman Oaks, CA 91403-1793
      View Details
    • Value Estimation
      $505,000
      173,230 SF

      14724 Ventura Blvd

      OFFICE BUILDING (MULTI-STORY) • 173,230 SF
      14724 Ventura Blvd, Sherman Oaks, CA 91403-3501
      View Details
    • Value Estimation
      $495,000
      5,060 SF

      4521 Sherman Oaks Ave

      PROFESSIONAL BUILDING • 5,060 SF
      4521 Sherman Oaks Ave, Sherman Oaks, CA 91403-3807
      View Details

    Similar Nearby for Sale

    • $5,600,000
      6,216 SF

      Sherman Oaks Office Building

      Prime Location, Modern Amenities
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    • $7,200,000
      9,225 SF

      Sherman Oaks Retail/Medical Opportunity

      Prime Sherman Oaks location with high traffic and conversion potential.
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    • $18,600,000
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      Sherman Oaks Office Building

      Prime Location, High-Demand Office
      15315 Magnolia Blvd, Los Angeles, CA 91403
      View Details
    • $1,775,000

      Hartsook Street Commercial Property

      Commercial property available on Hartsook Street, Los Angeles.
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      View Details
    • $1,745,000

      Van Nuys Blvd Property

      Property on Van Nuys Blvd available for sale.
      4227 Van Nuys Blvd, Los Angeles, CA 91403
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    • $1,250,000

      Sherman Oaks Income Property

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    Similar Nearby for Lease

    • $2 SF/Yr
      92,996 SF

      Sherman Oaks Office Space Available

      Office building with landscaped atrium, parking, and freeway access.
      15315 Magnolia Blvd, Sherman Oaks, CA 91403
      View Details
    • $32 SF/Yr
      22,630 SF

      Ventura Blvd Retail Spaces

      Sherman Oaks retail & office opportunity
      15125 Ventura Blvd, Los Angeles, CA 91403
      View Details
    • Contact for pricing
      18,330 SF

      Ventura Blvd Medical Office Suite

      1,200 SF Medical Office Space Available
      14622 Ventura Blvd, Los Angeles, CA 91403
      View Details
    • $2 SF/Yr
      80 SF

      Sherman Oaks Office Space Available

      Office space for rent in Sherman Oaks, California.
      15300 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • $2 SF/Yr
      30,000 SF

      Sherman Oaks Creative Office Space

      Creative office space featuring a two-story atrium with skylights.
      15000 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • Contact for pricing
      6,816 SF

      Sherman Oaks Medical Office Plaza

      Class A Medical Suites, Prime Location
      4955 Van Nuys Blvd, Los Angeles, CA 91403
      View Details
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    Sherman Oaks, CA 91403
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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